BEFORE FORECLOSURE OR SHORT SALE - WHAT ARE MY OPTIONS? Upside down on your mortgage? You have company, estimates are that between 50 to 75% of our community is upside down. This is a serious situation that is only getting worse. Don't giving up! Don't move out, Don't just ignore the situation, we can get through this. As bad as it may seem today, someday this will all be behind us! You and your family will Prevail. my name is Jeff Cameron with Keller Williams here in Scottsdale, helping home owners across the valley. Unfortunately, I have been there. I have had a personal short sale, foreclosure and that led to bankruptcy. I know what you are feeling. As dramatic as these experiences were on me and my family, I believe they happened for a reason. For me to grow from what happened, so I can help others through it. This experience, along with a strong support team and my 15 years in real estate is why I am qualified to assist you on your journey! Most people I talk to just don't know what to do, they call their bank and can't get a real answer. That is why I have put together this series of videos, to help you with the important information you need. So where to begin? This video focuses on the steps You should take in determining what is best for YOU and YOUR family. Step 1 1. Can I save my home? This should be the first priority. There are several options such as: Reinstatement, Forbearance, loan modification, Refinance and Short Refinance. It is very important you <b>...</b>

There are several options open to you when you are looking at ways that you can stop house foreclosure. What those options are vary from situation to situation and involve several factors including your mortgage company, your state’s laws and most importantly, you. So what are some of these options?

A Loan Modification. This can take many different forms. It could be a modification of the interest rate on your loan. It could be a modification to the length of your loan. You are going to need to talk to your mortgage company if you want to try to go this route. You will have to figure out with them what you can qualify for and what will work for your situation in order to stop house foreclosure.

Sell Your Home. This one can get complicated, especially if you owe more on your loan than what the house is currently worth. If you no longer want to live in the house or if you simply cannot afford it anymore, this can be a good option to stop house foreclosure. This works the best when you can sell the house for a profit or can at least not sell it at a loss. If you do owe more on the house than what it can sell for, you are going to have to try to work out a short sale agreement with your mortgage company. This one can get difficult and mortgage companies are often very slow about approving these. Your mortgage company can also simply decide that they are not going to approve it.

Paying the Mortgage Current. This does not have to be as difficult as it sounds. You may be able to workout an arrangement with the mortgage company to pay back what you owe them in installments. Different mortgage companies have different requirements and guidelines for this so you will need to check with your mortgage company to see if this is an option for you to stop house foreclosure. Chances are that this will mean that you have to bring in some extra income for a while so be sure that this is something you can afford.

Jill Borash

Senate will resume consideration of the motion to proceed to consideration of S.1323, Sense of the Senate Regarding the Budget Deficit, and vote on adoption of the motion to proceed to consideration of the bill at 5:30 pm

In my first book - Advance to Go, Collect $1Million - I describe a lot of my influences growing up. A large one of these being that both my parents were declared bankrupt.

The book shows that this while at the time having a really negative impact on my life actually was a turning point for me in terms of changing my outlook and giving me the much needed skill of perspective. That is being able to look upon most situations and give them a positive perspective.

At age 15 when it came time to start my first business instead of being gripped with so much fear that I didn't go ahead - I chose to look upon this experience from the perspective of being someone who at that age had the experience of both my parents in terms of what worked for them and of course what didn't. If I had let fear of the financial failure I had so vividly seen my parents go through hold me back - who knows where I'd be today, probably still living in fear.

Instead I chose to use that potential fear and turn it into motivation - I motivated myself to learn what went wrong with what my parents did and also what went wrong with other businesses out there.

As a young girl growing up wanting to rule the business World in Australia one of the prime role models for me was Poppy King. Many of you in Australia would be aware of Poppy's story, for those who aren't - she financed her own make up empire based on the fact that she couldn't find that perfect shade of lipstick. She was my hero and then she experienced one of the most spectacular demises in Australian business history.

For a while some of my best mentors were those who had failed. After all, you can't learn what not to do from someone who always gets it right. And in my experience the most successful people out there - get it wrong a lot of the time.

So, my parents went bankrupt and it had a massive impact on my life. To follow is a list of other people who went through bankruptcy in their life... showing that one huge event in your life, even as devastating as bankruptcy, doesn't have to be the end of you.

P.T. Barnum - famed circus promoter invested $500,000 in a poor business deal and was swindled.

Kim Basinger - the movie actress declared bankruptcy after losing a law suit for saying she would star in Boxing Helena, as a result she lost a whole town she owned in Georgia!

Gary Coleman - when he was on Diff'rent Strokes in the 1980's he was paid $64,000 a week and was the highest paid child star of that time. After numerous legal battles and medical operations he declared bankruptcy in 1995.

Francis Ford Coppola - he filed for bankruptcy in 1992 when he had $53 million in assets, but $98 million in liabilities. He was back on top though in 1993 after Bram Stoker's Dracula.

Walt Disney - filed for bankruptcy just two years into his first company and look how much he ended up changing the world.

Perspective is key... The setbacks you have experienced to now, and we've all experienced them, will either hold you back or propel you forward. The choice is yours.

I watched a training video some months ago and a certain image has always stuck with me. It's of a young girl sitting at the breakfast table with her parents. She knocks her glass of orange juice spectacularly all over the table and her outfit. There's a pause, everyone's frozen, no-one reacts for a moment. And then the girl throws both arms above her head and proudly declares "First spill of the day, wo-hoo!" Perspective is everything.

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Kirsty Dunphey

Surprisingly, in some states, you can stop house foreclosure up until the day before your house is sold at the sheriff’s sale. How can you do this? Many states have what is called a right to cure.

A right to cure is essentially a right to cure the loan. What does that mean? It means that you have the right to get the loan current with your bank. This means that you will need to pay all back payments, late fees, attorney’s fees and any other necessary fees to get the loan back in good standing with your bank. The twist in a right to cure is that you do not pay the money directly to the bank, you pay it to the government agency that recorded the deed for your house. In my case, this was the public trustee for the county that I live in. This is certainly a way to stop house foreclosure and can be a last resort effort to save you home. For me, simply filing the documents made me feel better.

So what do you need to file an intent to cure? You will need the proper paperwork. I had to get an Intent to Cure form from my county. The form itself was pretty simple. The only special pieces of information that I needed to look up to fill out the form was my foreclosure number, date that the deed of trust on my home was filed and recording number of the deed of trust. I found all of this information on the legal documents that my bank’s attorney’s sent to me. All I did after filling out the form was fax it to my county’s public trustee office. To stop house foreclosure this way, you will need to do some research to figure out what exactly you need and when you need to have it done by. For my county, I had to file an intent to cure at least 15 days before the scheduled sale date.

Filing an intent to cure does not mean that you definitely will cure the loan, simply that you intend to do so. I did not end up using this to stop house foreclosure in my situation but I was glad to know that it was an option. What I thought the great thing about this was that it gave me until noon on the day before the sale to come up with the money. Had I decided to use this option to stop house foreclosure, I could have gone to my county’s public trustee office by noon on the day before my foreclosure sale with a cashier’s check for the full amount to cure the loan and I could have saved my house that way.

This also might be a good option for you if you are having problems talking to your bank. In a way, this takes the bank out of it. For my county, the public trustee requested figures from the mortgage company and provided those numbers to me. If your bank will not talk to you about what it will take to reinstate your loan, they will be required by law to provide those figures to the government agency that filed your deed of trust.

Jill Borash

In my backyard garden talking about the courts threatening to allow the banks to unlawfully hijack my family legacy and they usually use a Sheriff, ,,, (who are supposed to protect ordinary folks from big corporate criminals who steal our family's labor, and sell our childrens futures to foreign entities who are impersonating a de-jure representative government of the unanimous majority,,,, or was that only 51% of them telling the other 49 that they can steal your land if the 'majority' feels like it, thats called "Mob Rule" .. people need to understand their own personal sovereignty, before this gangster bankster game will ever end, people will have to be responsible for themselves, and revert to simpler ways, clean ways of life, and what is free, money is what got us into9 this mess and getting rid of it will get us out, but we ALL need to walk out from under the pyramid, not just a few, but MILLIONS need to all STOP using their monopoly money UPDATE July 11, 2009- on 'no judicial immunity' Courts enforcing mere statutes do not act judicially merely ministerial, having thus no judicial immunity, and unlike courts of law do not obtain jurisdiction by service of process nor even arrest and compelled appearance. Boswell v. Otis, 9 Howard 336, 348. update on my foreclosure, (watch the videos below for some background After the bank committed forgery by signing the same name (by 3 separate hands), on a proof of service which they claimed they posted on my door by court order <b>...</b>